Financial Transparency Coalition

As The Guardian reports this morning:

More than a third of the subsidiaries owned by major energy and mining companies including Shell, BP and Glencore are based in “secrecy jurisdictions” where company accounts are not publicly available, according to a report. The study by Publish What You Pay Norway, which campaigns for transparent accounting among oil, gas and mining giants, claims that populations in resource-rich countries are losing out because they are unable to extract financial information from businesses operating on their soil or off their seaboards. “Extractive industry giants’ corporate ownership structures, their use of secrecy jurisdictions and the...

Changing Key Law Could Mean “License To Bribe” IPS, September 17, 2011 Book Review: Sense, Sensex And Sensibilities: The Failure Of India’s Financial Sentinels DNA India, September 18, 2011 Tax Fight or Flight? Wall Street Journal, September 19, 2011 2,250 tax inspectors lined up for avoidance focus Accountancy Age, September 19, 2011 Tax evasion costs gov’t

Have you ever heard someone really intelligent say something really wrong? I certainly have. It happens all the time. Smart people aren’t always right. Well, apparently, that’s also true of publications. The Economist, which self-identifies as a magazine for the highly intelligent, has (with perhaps a touch of good humor) claimed in its advertisements that it “makes white collars brighter” and called itself the “leaders digest.” While I don’t agree with many of its convictions, I more often than not respect its point of view. At the very least, I believe its articles are well-researched, carefully considered, and supported by...

Fight brews over anti-bribery law as fines jump Reuters, September 15, 2011 Anti-Corruption Views - Another call for Congress to hold firm on FCPA Trust Law, September 16, 2011 U.S. tax-evasion probe turns to Israeli banks Reuters (Exclusive), September 16, 2011 HMRC Tackles Manufactured Overseas Dividends Tax Avoidance Scheme Tax News, September 16, 2011 Bridgestone To Plead Guilty To Conspiring To Rig Bids, Bribe Foreign Officials Wall Street Journal, September 15, 2011